Origin and Development of Commercial and Islamic Banking Operations

The Banco de España and the European Commission, in cooperation with the ECB, will closely monitor implementation of the recapitalisation plans, while the European Commission will monitor application of the restructuring decisions. In putting their recapitalisation into practice, banks requiring State aid will have to separate unimpaired assets from impaired assets before removing the latter from the balance sheet. For this purpose, an AMC will be set up to acquire impaired assets at their real economic value, and the AMC’s perimeter (assets to be transferred) and the transfer prices will be approved. The transfer of assets to an...